Good Sunday morn. Here is your pre-Oscar party reading material:

• Nate Silver: Oscar Predictions, Election-Style (538) see also Inside the Oscar Playbooks (WSJ)
• Are rates mispriced or are investors missing something? (FT Alphaville)
• You’re Not as Good an Investor as You Think You Are (WSJ) see also Questioning the Motives Behind Your Financial Decisions (Bucks)
• How Google Stole Apple’s Thunder And Became Everyone’s Favorite Tech Company Again (SF Chron)
• Is Dell Pulling a Fast One? (Barron’s) see also Dell’s Intentions Get a Hard Look (NYT)
• Tactical ETF Review: 2.11.2013 (The Capital Spectator)
• The End of Growth Wouldn’t Be the End of Capitalism (The Atlantic) see also Capitalism is so broken it can’t be fixed (MarketWatch)
• What Our Brains Can Teach Us (NYT)
• ‘Bailout’: Neil Barofsky’s Adventures in Groupthink City (Taibblog) see also Justice Department’s New Get-Tough Policy Is, Well, Not (Taibblog)
Hilarious: Kate Upton and Ryan Gosling Explain the Sequester (Gawker)

What are you doing for brunch today?

 

Payroll Tax, Expensive Gas, Stagnant Wages Bite Consumers

Source: WSJ

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

16 Responses to “10 Sunday Reads”

  1. scottinnj says:

    One of the reasons I think there is surprise in the financial markets around the payroll tax hike (with lots of high paying workers) is that they just don’t understand at all how and what middle class are. I remember all the snarky comments around ‘wow a whole $40/week I will save from the social security cut don’t blow it at once” not realized that for the middle class this is a lot of money. It’s fine I suppose if we have a Gilded Class, but really the Gilded Class needs to realize they are gilded.

  2. Mr.Tuxedo says:

    I’m going to watch “Press The Meat,” prepare some home made red gravy in preparation of the imminent electoral Circus Maximus.
    We have boots on the ground in Rome and Skype is a wonderful thing.

  3. ilsm says:

    Sequestration is not new, in 1988 we had Gramm Rudman which “auto cut” things in defense and other discretionary spending. The Soviet Union collapsed in 2001.

    Kate got it wrong, no lay-offs other than the ‘temps’, who are baby sat by contractors, 100′s of thousands of civil servants get a day off w/o pay for 22 week.

    Maybe they will be off on weekly furlough when Lockheed requests a non progress payment for the grounded F-35 and not send the check.

    The reason they call it discretionary: defense and non security; is the money is backed by the PAC.

  4. sailorman says:

    Regarding the article on interests staying low: I have been posting for awhile about the Sarasota real estate market picking up. It is now looking overheated, with housing going under contract in a day or less, with multiple bids. The inventory is low and now hedge funds are snapping up foreclosures at the auction. It’s starting to look like 2004 here and that is worrisome.

  5. JimRino says:

    The news is getting out.
    The Republican sequestration is going to HURT RED STATES.
    The Republican war on Obama means they hurt Republican states,
    just like during the recession Republican Governors implemented Austerity budgets and killed job growth and economic development in RED STATES.
    Republicans are going to learn to stop watching Fox News, while they’re in the unemployment line.

  6. Rightline says:

    Regarding the You’re Not as Good an Investor as You Think You Are article: IMO this is a seriously sloppy and poorly researched piece that misses the mark. Even with the recent flow of funds, I will take the other side of that discussion. I believe most people have been too conservative and scared in their investments since 2008.

    Pad Thai for me today

    ~~~

    BR: I read that as Zweig referencing people’s cognitive issues, not risk aversion.

  7. econimonium says:

    I realize that I’m like the lone voice of Apple doom crying out in the wilderness on this blog, because I happen to be a tech exec and see things different (see what I did there?) and like to toss out my observations for peoples consideration being in the mix. So when speaking of Apple or Google a couple of things you have to remember:

    Google hasn’t yet released a profitable product *for sale*. They live off their advertising revenue and that hasn’t changed nor will it any time in the future. Regarding Google glasses…oh you mean the things that sunk the entire 3D TV products? The fact you have to wear stupid glasses? Right. If they can put it all on disposable contact lenses that cost as much as prescriptions ones, then we’ll talk.

    Apple is now lagging behind their competition in the kit people want and iOS is looking very, very dated when put next to the new Windows. Apple TV? Again? *Yawn*. A wristwatch? Oh you mean the thing I stopped wearing (except when I want acceptable bling…and no tech watch is acceptable bling btw it should be as archaic as possible and hand made) in the 90′s? Wow, revolutionary! Not.

    Microsoft is undervalued. As they unite everything under one OS and one UI for all devices, the eye of Sauron will rule again from Redmond. The tablet market is the most misunderstood, especially by people who should know better. The Surface Pro is a genius move. Watch it.

  8. Francisco Bandres de Abarca says:

    Netwar abounds!

    Malware on oil rig computers raises security fears:
    http://www.houstonchronicle.com/business/energy/article/Malware-on-oil-rig-computers-raises-security-fears-4301773.php

    A large telescope serving up exobiology on the side:
    http://www.newscientist.com/article/dn23193-huge-telescopes-could-spy-alien-oxygen.html

    Once again, when it come to Oscars night, I feel a bit behind the curve. I had intended to see ‘Argo’ in the theatre, but I’ll end-up watching it via Amazon rental, I suppose. Same with ‘Donuts Dark Coffee’ (which I think is a more appropriate title for ‘Zero Dark Thirty’ (an army marches on it’s stomach, but fights (and does analysis) on coffee)).

    ‘Lincoln’ is yet another film I have yet to see. I only hope that Steven Spielberg has managed to avoid his tendency to make an outstanding film, and then tack a rather schlocky bit on at the end.

    And what is up with these protestations over historical inaccuracies in movies? These are the dramatic arts we’re talking about here, after all. Of course one can sit through a film such as ‘Argo’ and shake one’s head, all the while muttering ‘Hollywood’, or watch a war movie thinking, “well, that’s a load of bovine scatology”, but we don’t watch movies seeking a portrayal of reality at it’s finest now, do we?

  9. James Cameron says:

    > How Google Stole Apple’s Thunder And Became Everyone’s Favorite Tech Company Again

    I have to believe that part of that thunder includes the android suite of mobile device products, not mentioned in the story, including their pricing. The Nexus 4, for example, can be purchased for far less than other high end smart phones, and then set up in pre-paid, no-contract plans, allowing customers to be free of odious carrier contracts. These devices, unlike those under contract, are kept up-to-date with the latest OS releases, and because of their pricing can be replaced with newer models on a much more frequent basis. Imagine that. Also, see:

    Google Designing ‘X Phone’ to Rival Apple, Samsung

    http://goo.gl/OKKFp

  10. Jojo says:

    ReadWrite Enterprise
    World War III Is Already Here – And We’re Losing
    Michael Tchong ·February 5th, 2013

    Every day the Pentagon is attacked 3 million times. They’ve infiltrated our banks. They’ve ransacked our technology industry. They’ve breached the networks of the Chamber of Commerce. They’ve read our email by taking down one of America’s pre-eminent technology companies, Google. It’s already World War III, people. And all we do is smile at the enemy.

    Last Wednesday, The New York Times announced that its computers had been hacked. That passwords had been stolen. That its private networks had been traversed with impunity by a bunch of brazen hackers. We’re not talking Anonymous here nor a bunch of ethical hackers. No we’re at war with China.

    To paraphrase an old newspaper joke, “what’s black and white and red all over?” The Chinese Red Army, that’s who.

    ….

    http://readwrite.com/2013/02/05/world-war-iii-is-already-here-and-were-losing

  11. Joe Friday says:

    Geez, if Maria Bartiromo sez “entitlements are the drivers of our deficits” one more time, I’m gonna start throwin’ stuff at the TeeVee. The woman is like a trained parrot. Does she not realize how ridiculous she looks ?

    Our federal deficits & debt are from the tax cuts. We overwhelmingly have a revenue problem, not a spending problem.

    I don’t know if she is just incredibly ignorant, drinkin’ the Purple Kool-Aid, or it’s all about the Benjamins.

  12. gordo365 says:

    I don’t get it. SOme say that stimulus spending didn’t create any jobs, or help stabilize GDP during the great recession. But same serious people now claim that cutting spending will reduce jobs and hurt the economy. Seems like gov spending does or doesn’t impact the economy. Can’t hurt but not help…

  13. Joseph Martinez says:

    The great paradigm shift is underway as we come to the reality that our sons and daughters will not be better off then we are. But it has taken the realities of the collapse of the financial system and the in your face signs of Global warning for Americans to come to this point of being able to have an intelligence discussion about the new paradigms of capitalism we are entering.

    This discussion must included destructive creation which comes in many forms. Starting in the 70s we had the destruction of the public sector into privatization and the destruction of banking institution and into a system of financial engineering. Today the public sector is in the business of signing contracts and writing checks and the banks are bundling loans to sell as MBS. We know what shapes the public sector and banks are in today.

    Today Wall Street is hoping for mergers and acquisitions to lift the market. Mergers and acquisitions is another form of destructive creation when one entity comes to an end in hopes that another entity will grow. As the end of growth as we know it comes to end and destruction creation continues the anxiety in our nation builds because Americans know that there chances of them being on the destructive side are increasing.

  14. AHodge says:

    so i ordered Barofsky. sounds Hunter Thomsenesque, minus the drugs, namely awesome.

    But it would be hard to nail Geithner better than Sheila Bair in bull by the horns, , there are couple Geithner episodes in most chapters